EUROTUNNEL SERVICES LIMITED
Company number: 02143135
Reporting period:
1 July 2022 to
31 December 2022
This report was filed on 30 January 2023
and approved by Geraldine Perichon
Payment statistics
Average time taken to pay invoices: 26 days
Invoices paid:
- within 30 days: 84%
- in 31 to 60 days: 14%
- in 61 days or more: 2%
Invoices due but not paid within agreed terms: 37%
Payment terms
Shortest standard payment periods
30 days
Longest standard payment period
Answer not provided
Standard payment terms
Our standard payment terms are to pay suppliers within 30 days date of invoice, assuming that the invoice is sent immediately to the Accounts Payable Dpt, quoting a valid PO and that goods or services are delivered in accordance with the purchase order. However payment terms may be negotiated on a case by case basis depending on the commercial situation. Pay-runs are processed once a week and include any item due before the next payment run date.
Were there any changes to the standard payment terms in the reporting period?
Answer not provided
Were suppliers notified or consulted about these changes before they were made?
N/A
Maximum contractual payment period agreed
60 days
No further comment provided
Any other information about payment terms
N/A
Dispute resolution process
Disputes are handled by the manager of the contract with the support of the Procurement Department and Legal Department if necessary.
Other payment information
Has this business signed up to a code of conduct or standards on payment practices? If so, which?
For example, signatories to The Prompt Payment Code must commit to paying 95% of their invoices within 60 days.
No, this business has not signed up to a code of conduct or standards on payment practices.
Does this business offer e-invoicing in relation to qualifying contracts?
This is where suppliers can electronically submit and track invoices. It's not just allowing suppliers to email them an invoice.
No
Does this business offer supply chain finance?
This is where a supplier who has submitted an invoice can be paid by a third-party finance provider earlier than the agreed payment date. The business would then pay the finance provider the invoiced sum.
No
Under its payment practices and policies, can this business deduct sums from payments under qualifying contracts as a charge for remaining on a supplier list?
No
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No